The UK’s hung parliament is likely to delay the Brexit negotiations and is “credit negative” for the country, ratings agency Moody's has warned. The inconclusive election result could also slow efforts to shrink the budget deficit as it will now be a lower priority for the Government. This is also bad for the country’s credit rating, Moody’s said in a report published on Monday. “In our view, the budget deficit will increase this year and next as the Government reacts to the economic slowdown under way,” said Kathrin Muehlbronner, Moody's senior vice president. “The election outcome, with significant gains for the ... (full story)